Centennial Wealth Advisory LLC Has $685,000 Holdings in DTE Energy (NYSE:DTE)

Centennial Wealth Advisory LLC lifted its stake in DTE Energy (NYSE:DTE) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,338 shares of the utilities provider’s stock after acquiring an additional 110 shares during the period. Centennial Wealth Advisory LLC’s holdings in DTE Energy were worth $685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in shares of DTE Energy by 9.7% during the 3rd quarter. QRG Capital Management Inc. now owns 31,482 shares of the utilities provider’s stock worth $4,043,000 after purchasing an additional 2,791 shares during the period. Asset Management One Co. Ltd. increased its stake in DTE Energy by 0.7% during the third quarter. Asset Management One Co. Ltd. now owns 106,986 shares of the utilities provider’s stock valued at $13,738,000 after acquiring an additional 722 shares during the period. Intact Investment Management Inc. acquired a new position in DTE Energy in the 3rd quarter valued at approximately $74,000. Old North State Wealth Management LLC lifted its position in shares of DTE Energy by 52.5% in the 3rd quarter. Old North State Wealth Management LLC now owns 2,751 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 947 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $1,393,000. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the subject of several research reports. Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, Scotiabank upped their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Price Performance

DTE traded down $0.49 during midday trading on Wednesday, hitting $122.94. The company had a trading volume of 121,429 shares, compared to its average volume of 1,065,866. DTE Energy has a twelve month low of $97.31 and a twelve month high of $131.66. The company has a market capitalization of $25.46 billion, a PE ratio of 16.72, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm’s 50-day simple moving average is $125.77 and its 200-day simple moving average is $118.88.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.